One of the most frequent questions that I get is: “Which state has the highest interest rate for tax lien investing?” The answer is Illinois. Illinois has a default interest rate of 18%, but it’s not 18% per annum – it’s 18% per six months. So the per annum rate is 36%. That’s higher than and of the other tax lien states. The interest rate is bid down at the tax sale, and except for Cook county, which started conducting online tax sales last year, you have to physically go to the sale in order to bid.
But what if you could have someone else bid for you in Illinois? How would you like to have a tax lien agent that specializes in buying tax lien certificates in Illinois and also buying redeemable deeds in Texas and Georgia?
On Wednesday October 27 I’ll be hosting a free webinar with Don Fullman of Platinum Investment Properties West. PIP West is a tax lien investing agent that concentrates on the higher interest states for tax liens and redeemable deeds. They average about a 30% return for their clients. And on this webinar you’ll be able to ask Don questions about PIP West and about tax lien investing in general.
And I’m going to make it easy for you to get your question answered whether or not you’re able to make the live call. Just fill in the box to ask Don your question when you register for the call at www.TaxLienLady.com/WebinarTraining and I’ll ask Don your question. I’ll be recording the call and sending a link to the recording to all the registrants, so go right now to www.TaxLienLady.com/WebinarTraining and register today!
By jmusa November 3, 2010 - 8:15 am
Hi Brian,
If you registered for the webinar you should have receive the replay and you should have gotten a follow up message from Don with a link to the download page where you can get the replay, handout and FAQ sheet. You can contact Don directly with the form at http://www.TaxLienLady.com/PIPWest/Contact_Form.html.
By Brian Templeton October 30, 2010 - 4:39 am
Joanne,
I am sorry that I missed your Thursday evening webinar, But I would be interested in having a tax lien agent acting for me especially in
Illinois, I live in Calgary, Canada. May I ask you to foreward my
e-mail address to Don Fullman. Thank you!
B.Templeton
By Scott Phillips October 27, 2010 - 11:53 am
I’ve asked the people at our city hall about tax liens, and the possibility of investing in these great opportunities. They all give me a run around and act as if they know some secret that they cannot divulge to anyone. Is it possible that some of the smaller towns and cities keep these opportunities “hidden” from the general public?
Thanks,
Scott
P.S. I’m in Gardner, MA
By jmusa October 27, 2010 - 2:21 pm
Hi Scott,
The reason that you think you’re getting the runaround is because your state does not have tax lien sales. In Massachusetts, the city puts a lien on the property and then forecloses on the property if the taxes are not paid. They have what is referred to in MA as “taking” sales, which are actually tax deed sales. They do not have tax lien sales. In fact people in MA are so anal about paying their taxes that very few properties are available at the deeds sales and some towns in MA may not have even had a “taking” sale in years.
By zerodtkjoe October 20, 2010 - 5:57 am
Thanks for the info